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C&G offers new tracker mortgage

Cheltenham & Gloucester is offering a new Premium Tracker Mortgage with a rate that undercuts the Bank of England base rate by 0.01 per cent.

The rate applies until the end of 2003 when it reverts to 0.5 per cent above the Bank of England base rate before reverting to the company’s standard variable rate after December 31, 2005.

It is available for loans of £100,000 or above and with a loan to value of 90 per cent.

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